Glycol Market Size is predicted to develop at a compound annual growth rate
(CAGR) of 3.32% from 2024 to 2033, when it is projected to reach USD 297.1 million,
based on an average growth pattern. The market is estimated to reach a value of
USD 203.13 million in 2024.
We Market Research
Glycol, with molecular formula is C6H14O2, is a colorless, transparent liquid.
It is a member of the glycol ether family and is frequently used in paints,
coatings, and cleaning products, among other industrial applications, as a
solvent, coupling agent, and coalescing agent. Because of its distinct chemical
makeup, it has the capacity to dissolve a broad variety of materials and boost
formulation performance by increasing solubility and stability. Because of its
reputation for low volatility and mild odor, hexylene glycol is a desirable
option in formulations that require low toxicity and little aroma.
hexylene glycol market is propelled by multiple important aspects. The main
factor driving demand is its adaptability as a coupling agent and solvent in
several industries, including paints, coatings, cosmetics, and medicines. Its
capacity to promote stability and solubility, among other aspects of product
performance, increases its use. Its moderate odor and low volatility also make
it a desirable option, particularly in formulations that call for low toxicity
and little fragrance. Furthermore, because Hexylene Glycol conforms to these
changing market trends, the growing emphasis on environmentally friendly
solutions and the increased demand for sustainable chemical alternatives
support the market's expansion.
Market Size in 2024
Market Forecast in 2033
CAGR % 2024-2033
Consumption, company share, company heatmap, company production capacity,
growth factors and more
Grade, by Application, By End use, and By Region
Key Growth Drivers
Demand in Paints and Coatings
Rising Demand in Personal Care Products
Shift towards Environmentally Friendly Products
North America, Europe, APAC, South
America and Middle East and Africa
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Hexylene Glycol Industry: Dynamics & Restrains
Growing Awareness and Health Concerns- The
hexylene glycol market is driven by consumers' growing health concerns and
understanding of safer, environmentally friendly components used in personal
care products. Hexylene Glycol, a popular solvent and viscosity agent in
cosmetics because to its mildness and efficiency, is becoming more and more
popular as people emphasize non-toxic formulations. Because of its low toxicity
profile and biodegradability, it is becoming increasingly popular among
producers who are looking for safer options. The market for hexylene glycol is
growing as a result of this increased demand, which is a reflection of an
industry move towards sustainable, health-conscious product development.
The increasing demand among diverse industries- Hexylene
glycol is becoming more and more in demand from a variety of industries as a
result of its numerous applications. It is widely used in the paint, coatings,
cosmetics, pharmaceutical, and other sectors as a solvent, coupling agent, and
viscosity modifier. Efficiency in manufacturing and product development are
industries' top priorities, and ethylene glycol plays a critical role in
formulation stability and quality improvements. Hexylene glycol's market is
anticipated to grow gradually because of its steady demand, ability to enhance
performance attributes, and compatibility with a variety of substances.
Rising competition among critical players- The
market for hexylene glycol is constrained by the growing rivalry between major
producers. Increased competition as businesses compete for market supremacy
results in pressure on prices and the use of aggressive marketing techniques.
Due to the intense competition, cost-cutting measures are frequently
implemented, which affects profit margins and prevents large investments in
R&D. Furthermore, there are fewer significant growth prospects due to
market saturation caused by numerous suppliers fighting for market share. The
competitive environment's focus on price competition over product innovation
creates obstacles for long-term market growth, which limits the potential
growth of the hexylene glycol industry.
Hexylene Glycol Segmentation
Market- By Grade Analysis
By Grade, the Hexylene Glycol Market is Categories into Pharmaceuticals, Industrial. The Industrial segment accounts for the largest share of around 72% in 2023.
hexylene glycol market in the industrial sector is mainly driven by rising
demand in products used in manufacturing processes, such as textiles, paints,
and coatings. Industrial-grade hexylene glycol's dominance in the market is
fueled by factors such as economic expansion, rising industrial operations, and
advances in a range of industrial applications.
The following segments are part of an in-depth
analysis of the global Hexylene Glycol Market:
Paints & Coatings
Oil & gas
Hexylene Glycol Industry: Regional Analysis
Asia-Pacific Market Forecast
Asia-Pacific dominate the Hexylene Glycol Market with the highest revenue generating market with share of more than 46%. China's and India's booming consumer goods and construction industries drive demand for hexylene glycol in paints, coatings, and personal hygiene goods. Growing disposable incomes support market expansion even further.
North America Market Statistics
America is the second-largest market for Hexylene Glycol. Hexylene glycol is in
high demand in North America due to its widespread commercial use in paints,
coatings, and cosmetics. Demand is driven by ongoing innovation and innovations
that are environmentally sensitive. Market expansion is significantly impacted
by growth in the building sector, especially in the US and Canada.
Europe Market Forecasts
is expected to be the fastest-growing market for Hexylene Glycol during the
forecast period. European environmental laws drive the market for more
environmentally friendly chemical substitutes, which in turn supports
environmentally friendly hexylene glycol products. A significant contribution
comes from the booming personal care and cosmetics industry. In addition, a
variety of industries like pharmaceuticals and the automobile sustain
Key Market Players
Hexylene Glycol Market is dominated by a few large companies, such as
Monument Chemicals, Inc.
Praasol Chemicals Ltd
2018, Denali Therapeutics
and Lonza Pharma & Biotech announced their collaboration. The purpose of
this collaboration was to create biologic medications in order to broaden its
line of business within the healthcare industry.
2018, To diversify its
operations, Arkema revealed that it is expanding into the chemical production
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Hexylene Glycol Market was valued at USD 203.13 million in 2024.
Hexylene Glycol Market size will increase at approximate CAGR of 3.32% during the forecasted period.
Major companies operating within the Hexylene Glycol Market are SOLVAY S.A., Monument Chemicals, Inc., FINAR LIMITED, LANXESS, Praasol Chemicals Ltd, DowDupont, Arkema Group, Solventis Ltd., BASF SE, Lonza Group and Other.
Asia Pacific dominates the market with an active share of 46%.
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